6 July 2016 Market Reviews

Bond Market Insight

Non-competitive bids dominate

After the NBU decreased its key interest rate at the end of June, with even lower interest rates at the auction being uncertain, investor demand at yesterday's auction was tepid at best. It appears th ...

ICUDebtInsight-20160706.pdf  (346.4kb)

5 July 2016 Market Reviews

Daily Insight

Auction schedule update

The MoF updated its auctions schedule yesterday as it replaced some offerings of 3-year bonds with 5-year bonds which will be offered in 3Q16 four times. 5-year bonds were sold twice this year in June ...

ICUDailyInsight-20160705.pdf  (651.4kb)

5 July 2016 Market Reviews

Bond Market Insight

Неконкурентный спрос преобладает

Участники первичного рынка ОВГЗ осторожно отнеслись к потенциальному снижению ставок, которое ожидалось после снижения НБУ учётной ставки в конце июня. Многие из них не решились подавать конкурентные ...

ICUDebtInsight-20160705-Rus.pdf  (466.4kb)

4 July 2016 Market Reviews

Daily Insight

Liquidity stable

July started with UAH94.78bn of banking sector liquidity, down UAH0.32bn from the day before as it recovered UAH0.31bn to UAH95.09bn on Saturday. At the same time, liquidity remained concentrated in C ...

ICUDailyInsight-20160704.pdf  (607.2kb)

1 July 2016 Market Reviews

Daily Insight

What Brexit means for Ukraine's economy

Only a few days after the UK's national referendum on its EU membership, referred to as the Brexit, as a slim majority voted in favor of departing, there is a great deal of market and media guessing a ...

ICUDailyInsight-20160701.pdf  (925.9kb)

30 June 2016 Market Reviews

Daily Insight

Resilience in the wake of Brexit

Following last week's calamitous Brexit decision, Ukraine's FX market has been relatively calm. We believe that this is the result of a combination of factors, including the the ongoing tight capital ...

ICUDailyInsight-20160630.pdf  (660.5kb)

23 June 2016 Market Reviews

Daily Insight

Primary auction schedule

At the end of last week, the MoF published its primary auction schedule for 3Q16. It is similar to 2Q16 schedule except that 3-month and 5-year bonds will be excluded. Most likely because they attract ...

ICUDailyInsight-20160623.pdf  (760.3kb)

22 June 2016 Market Reviews

Daily Insight

Liquidity slightly volatile

Following its recovery to above UAH100bn, slight volatility endures as banking sector liquidity slid UAH0.88bn to UAH101.41bn as funds were reallocated to banks’ accounts, Total CDs outstanding declin ...

ICUDailyInsight-20160622.pdf  (722.1kb)